LAGOS, — Dangote Petroleum Refinery has reduced its ex-depot (gantry) price of Premium Motor Spirit (PMS) by ₦25 per litre, lowering the rate from ₦799 to ₦774 with immediate effect, according to notices circulated to marketers on Tuesday.
In the circular from its Group Commercial Operations unit, the company told off-takers: “This is to notify you of a change in our PMS gantry price from ₦799 per litre to ₦774 per litre.” The refinery also confirmed that its PMS lifting incentive window closed at 12:00 a.m., Feb. 10, 2026, with eligible credits for previously loaded volumes to be posted to marketers’ statements.
The price move comes after a volatile year for Nigeria’s downstream market, where deregulation dynamics, exchange-rate pressures, crude-price swings, and supply competition have repeatedly shifted depot and pump pricing. Industry reporting in early 2026 had already noted that Dangote earlier moved gantry pricing up to around ₦799 after lower seasonal pricing during the festive period.
Dangote’s refinery—designed for 650,000 barrels per day—is central to Nigeria’s strategy of reducing import dependence, improving domestic supply reliability, and easing pressure on foreign exchange demand tied to fuel imports. The refinery’s market influence increased after policy changes allowed broader direct offtake arrangements and intensified competition in product sourcing.
The latest cut also lands in a policy environment where Abuja has alternated between liberalization and industrial-protection tools. In late 2025, Nigeria introduced a 15% import duty on petrol and diesel to support local refining capacity, a measure seen as reshaping import-parity economics and retail pass-throughs.
Whether Tuesday’s adjustment translates into meaningful pump-price relief nationwide will depend on more than the gantry headline: transport costs, inland distribution margins, station-level competition, and regional supply tightness still drive substantial retail variation.
